Bitcoin’s price finally made a few movements over the past 24 hours but has ultimately returned to its recent stagnation point of $43,000.
The alternative coins are quite sluggish as well on a daily scale, aside from TAO and OP from the larger caps.
Bitcoin shot up to $43,750 on a few occasions last week after it recovered roughly five grand in several days following the post-ETF approval retracements. The last such attempt to overcome $44,000 was met with a violent rejection that drove the asset south by almost two grand.
Nevertheless, BTC managed to recover some of the losses in the following days and returned to $43,000. Since then, the landscape has been quite calm, as Bitcoin seemed stuck to that level.
The past 24 hours finally saw a leg up that resulted in reaching $43,500, but another rejection followed that pushed BTC down by just over $1,000. The bulls intercepted the move, though, and didn’t allow a breakdown below $42,000.
Just the opposite, BTC recovered some ground and now stands at a familiar ground of $43,000. This means that its market cap is back to just over $840 billion, and its dominance over the alts stands inches above 51%.
BTCUSD. Source: TradingView
The altcoins, despite being known for their volatile nature, have been quite calm in their price performance as of late as well. The last 24 hours didn’t bring any fireworks either. ETH, XRP, TRX, LINK, MATIC, and TON are with minor gains, while BNB, ADA, AVAX, and SOL sit slightly in the red.
XMR has plummeted the most from the top 36 alts, having lost over 15% of value. As a result, the privacy coin is down to $140.
In contrast, TAO is up by 15%, while OP has gained just over 6% within the same timeframe. Ethereum Name Service has reentered the top 100 alts following a massive 25% daily surge. ENS now trades above $22 with a market cap of nearly $700,000,000.
The total crypto market cap stands still at $1.650 trillion on CMC.
Cryptocurrency Market Overview. Source: Quantify Crypto
The post Ethereum Name Service (ENS) Skyrockets 25% Daily, Bitcoin (BTC) Returns to $43K (Market Watch) appeared first on CryptoPotato.
Asheesh Birla, the CEO of Evernorth Holdings Inc., revealed why the Nasdaq-listed digital asset treasury…
The RWA market is evolving rapidly, according to a new report shared today by institutional…
Ripple-linked XRP may be one of the biggest names in the cryptoverse today, but its…
The debate over whether Bitcoin’s hashing algorithm can be hacked continues to evolve. This time,…
The Cardano Foundation has urged the European Commission not to broaden the Markets in Crypto-Assets…
Matt Crosby, a research director at Look Into Bitcoin, said in a recent interview that…